Originally published on: September 18, 2024
CEX.io, a cutting-edge cryptocurrency exchange, has made headlines with its latest partnership with financial giant MoneyGram and the innovative Stellar blockchain network.
This exciting collaboration will revolutionize the way CEX.io users worldwide can convert their crypto into physical cash and vice versa. By harnessing the power of MoneyGram’s extensive network, users can seamlessly convert Circle USDUSDC$1.00to fiat currency at select MoneyGram locations.
The integration is set to benefit customers across Europe, Africa, Latin America, and other regions, with plans for further expansion in the works. Users in countries like Austria, Hungary, and Poland can already fund their CEX.io accounts with physical cash, with more countries to follow suit soon.
Joel Kosloski, CEX.io’s chief information security officer, emphasized the convenience this partnership brings to users, making managing their crypto and cash easier than ever before.
The collaboration with the Stellar network is another game-changer. Known for its lightning-fast and cost-effective transactions, Stellar’s technology will facilitate seamless conversions between digital and fiat currencies. With Stellar’s ability to tokenize traditional currencies, CEX.io users can now enjoy fiat-to-USDC and USDC-to-fiat conversion services at MoneyGram locations.
Arina Dudko, CEX.io’s director of Lithuania, praised the partnership for enhancing payment flexibility for users, emphasizing the importance of Stellar’s network in broadening the exchange’s capabilities.
In addition to this groundbreaking partnership, a new euro-pegged stablecoin, EURT, is set to launch on the Stellar network. Developed by France-based fintech company Next Generation and Ireland-based e-money institution Decta, EURT will comply with the EU’s stringent crypto legislation under the Markets in Crypto-Assets Regulation (MiCA).
With MiCA taking effect on Dec. 30, the future looks bright for CEX.io and its innovative partnerships. Stay tuned for more exciting developments in the world of crypto and beyond.
